GEN 11.8.5

(1) A Person who is required to obtain the prior written approval of the DFSA pursuant to Rule 11.8.4(1) must make an application to the DFSA using the appropriate form in AFN.
(2) Where the DFSA receives an application under (1), it may:
(a) approve the proposed acquisition or increase in the level of control;
(b) approve the proposed acquisition or increase in the level of control subject to such conditions as it considers appropriate; or
(c) object to the proposed acquisition or increase in the level of control.
Derived from Notice of Amendments to Legislation April 2011 [VER27/02-11]
[Amended] DFSA RM105/2012 (Made 23rd December 2012). [VER32/12-12]